Chronicles Of Depression 2.0: #249: WaMu 2

WARNING: GRAPHIC! Controlled Demolition IN PROGRESS — WaMu implodes, JPMorgan devours carcass

Let this sink into your brain for a moment.

They’re [J.P. Morgan] aquiring none of its [Washington Mutual] liabilities and all of its assets for a mere $1.9 billion dollars.

$1,900,000,000 divided by 5400 branches is approximately $351,851.85.

That’s an entire fucking branch of a commercial bank for less than the price of a one family semi-attached home in a middle class neighborhood in NYC! PLUS – they’re most definitely getting all their secured assets for pennies on the dollar as a bonus – no doubt worth billions!

Emphasis added by me.

OK, now do you see what the math is shaping up as?

Explore posts in the same categories: Bank Collapse Watch, C.O.A.T. - Belief, C.O.A.T. - Money, C.O.A.T. - Politics, C.O.A.T. - Scams, C.O.A.T. - Self-Defense, Depression 2.0

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